02033cas a2200241 a 4500 AALejournalIMF010982 230101c9999 xx r poo 0 0eng d 20.00 USD 9781589068575 2071-3207 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Regional Economic Outlook, October 2009, Sub-Saharan Africa : Weathering the Storm. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (100 pages) Regional Economic Outlook <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October. Mode of access: Internet Regional Economic Outlook Full text available on IMF http://elibrary.imf.org/view/books/086/10124-9781589068575-en/10124-9781589068575-en-book.xml IMF e-Library